Tuesday November 13, 2018
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Warren Suggests Apple to Buy More Shares

At the end of the first quarter of 2018, Berkshire owned $40.7 billion of Apple's shares -- up from $28.2 billion at the end of 2017, The New York Times reported.

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It is a better idea than spending that money on other companies which have the disadvantage of not being Apple, he added.
Warren Buffett, US billionaire and investor, wikimedia commons
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A day after multinational conglomerate Berkshire Hathaway acquired another 75 million shares of Apple, its CEO Warren Buffett said the iPhone maker should spend more cash buying its own shares.

“They are not going to find $50 billion or $100 billion acquisitions that they can make at remotely a sensible price,” ReCode quoted Buffett as saying at the company’s annual meeting held at Omaha city in the US state of Nebraska.

It is a better idea than spending that money on other companies which have the disadvantage of not being Apple, he added.

Apple posted a healthy revenue of $61.1 billion and net quarterly profit of $13.8 billion globally for its second quarter for fiscal 2018, defying global reports of a weakened demand for its iPhones.

A day after multinational conglomerate Berkshire Hathaway acquired another 75 million shares of Apple, its CEO Warren Buffett said the iPhone maker should spend more cash buying its own shares.
Apple Mobile, Wikimedia commons

Following this, Berkshire Hathaway acquired more shares and now owns a large slug of Apple stock and has 5 per cent stake in the company.

At the end of the first quarter of 2018, Berkshire owned $40.7 billion of Apple’s shares — up from $28.2 billion at the end of 2017, The New York Times reported.

He also said he likes Apple’s plan to spend $100 billion buying its own shares.

“I’m delighted to see them repurchasing shares. We own 5 per cent of it. With the passage of time, we may own 6 or 7 per cent because they repurchase shares,” he was quoted as saying.

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On having never invested in Microsoft, Buffett said that “in the earlier years, the answer is stupidity”. He stayed away from investing “because of the inference” that could be drawn.

On e-commerce firm Amazon, he said: “The truth is that I’ve watched Amazon from the start and I think what (Amazon CEO) Jeff Bezos has done is something close to a miracle. The problem is if I think something will be a miracle, I tend not to bet on it.”

Buffett said he had “made a mistake” on conglomerate Alphabet. He said he was unable to conclude that at Alphabet’s present prices, its “prospects were far better than the prices indicated”. (IANS)

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Apple Releases New Update For WatchOS

The GPS+Cellular variant of the watch starts from Rs 49,900 and GPS-only model costs around Rs 40,900 in India

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New update to watchOS released to fix bricking issue in Apple Watches.

Apple has released a new update to the watchOS, fixing bricking issues in Apple Watch that made the device unusable after users attempted to install the previous update.

The new watchOS 5.1.1 comes with over 70 new emojis released with iOS 12.1, new full-screen colour watch-faces and support for group FaceTime audio for up to 32 people, The Verge reported on Monday.

The previous update — watchOS 5.1 — that was released last week, was pulled out quickly after users reported that the update caused issues to the Apple Watch during the installation of the update.

“Apple Watch owners can rest assured that today’s update is specifically built not to brick their devices,” the report added.

Since Apple’s smart-watch does not plug into a computer, affected users had no options other than calling Apple support and wait for the company to replace their device.

Apple
An Apple store in Woodbridge, Virginia. (VOA)

The issue, however, seems limited to the brand new Apple Watch Series 4 devices.

Previously, a bug that was discovered in Apple Watch Series 4 was causing the device to crash and get stuck on re-boot loops, the media had reported.

Also read- Company Doesn’t Use Customers’ Personal Data For Profit: Microsoft CEO Satya Nadella

Apple launched the next generation of Apple Watch in September alongside iPhone XS, iPhone XS Max and iPhone XR at an event in California with improved health features and edge-to-edge display with smaller bezels.

The GPS+Cellular variant of the watch starts from Rs 49,900 and GPS-only model costs around Rs 40,900 in India. (IANS)